Their cash burn looks low due to the one off $999k R&D rebate which landed in the March quarter. Cash burn excluding that one off for March was $778k. So the quarters remaining with sustained activities as in March quarter would then be 1,661/778= 1.5 quarters. I am sure this will become clear when either the June quarterly is released (and it shows 0.5 quarters remaining) or they cap raise in the June quarter off the back of the long awaited MRE.
MRD Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
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